Canadian Solar Announces 5 GW Solar Wafer Facility in Thailand

Canadian Solar has announced plans to establish a 5 GW solar PV wafer production facility in Thailand. The facility, which is expected to begin production in March 2024.

Key Takeaways

Canadian Solar is establishing a 5 GW solar PV wafer production facility in Thailand to enhance its supply chain and meet new requirements by the U.S. Department of Commerce.
The new facility will serve as a key milestone in diversifying and strengthening Canadian Solar’s supply chain, complementing its investments in solar cell and module manufacturing in the U.S.
Canadian Solar is one of the world’s largest solar technology and renewable energy companies, having delivered over 102 GW of solar photovoltaic modules and developed numerous solar power and battery storage projects worldwide.

Canadian Solar has announced plans to establish a 5 GW solar PV wafer production facility in Thailand. The facility, which is expected to begin production in March 2024, will manufacture solar wafers that will initially be used in the company’s existing cell manufacturing plant in Thailand.

Once Canadian Solar’s cell factory in Indiana becomes operational, the wafers will be used there. The facility is seen as a strategic move to diversify and strengthen the company’s supply chain, while also meeting new requirements related to the US Department of Commerce’s AD/CVD ruling. Canadian Solar is a leading global solar technology and renewable energy company with a track record of delivering high-quality solar modules and developing utility-scale solar projects.

About Canadian Solar

Canadian Solar was founded in 2001 in Canada and has been listed on NASDAQ since 2006. It is now one of the world’s largest solar technology and renewable energy companies. Canadian Solar is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development.

Source : Canadian Solar Announces 5 GW Solar Wafer Facility in Thailand